It's left wing contrived BS, "Too Big to Fail". They made a movie and everything. It left ALLOT of pertinent data out of it.
I use to think that left wing politicians voted to bail the banks out because to not wouldv'e caused a collapse.
Turns out, they were into the Sub-prime collapse up to their eyeballs.
You DO realize there is 6 trillion in sub-prime debt on the Treasuries booms right ? From the BANKS ?
Nah, from the GSEs who under mandate to buy crap mortages, bundle them up with good paper, and push them out into the investment markets.......
Lol...and you blame the banks.
I agree too. The big banks are not consumer friendly and are unfair competition with smaller independent banks, S7ls and credit unions. They also are too great a risk to the economy.
From above: "The largest U.S. banks — J.P. Morgan Chase (US:JPM), Bank of America (US:BAC), Citigroup (US:C), Wells Fargo (US:WFC) and Goldman Sachs (US:GS) — have gotten larger since the crisis. These five banks have assets equivalent to 55% of U.S. gross domestic product, up from 43% of GDP in 2006. They dominate the U.S. financial system, with more than 40% of bank deposits and assets.:
Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb